Hints and tips:
...Daystar has raised $92mn in funding since its inception in 2017, including a $20mn facility from the Washington-based International Finance Corp last year....
...oil executive, who asked not to be identified, said the presidency was split, with one side favouring Seplat’s bid and the other supporting an acquisition by the state-owned Nigerian National Petroleum Corp...
...Seplat reached an agreement to buy Exxon’s shallow water assets in February but the deal appeared in doubt after the Nigerian National Petroleum Corp, the state oil company, secured a court order last month...
...South Korea’s LG Energy Solution and China’s CATL have recently signed agreements with state-owned enterprises Indonesia Battery Corp and Aneka Tambang for nickel supplies....
...The sub-stories, which include allegations of collusion between top Toshiba management and Japan’s trade ministry, have been no less trail blazing....
...Among the minority of Spacs that have appreciated substantially, the largest sub-category are speculative vehicle start-ups....
...Meanwhile, the volatility in the market has delayed the mergers and acquisitions that almost all investors want to see across the shale patch....
...Analysts said that there are compelling strategic reasons for a merger as it would create a strong midsized gold company backed by Naguib Sawiris, the Egyptian billionaire who made his fortune building a...
...Between them, the five companies have spent $17bn on sub-$1bn deals in the past five years alone. It is fair to ask whether any involved quashing competition — although proving this will be difficult....
...This has eased financing restraints on sub-$500m transactions; investors in the leveraged loan and high-yield bond markets — the traditional sources of funding for PE dealmaking — have directed their attention...
Gold miner seeks to end long-running tax disagreement with Tanzania
...It has largely bypassed a push into US shale, unlike other big majors, and has doubled down on conventional oil and gas development in sub-Saharan Africa and the Middle East....
...In the past, sub-par managements relied upon the docility of their large institutional domestic shareholders to ensure survival....
...Shares in Acacia have risen by 8 per cent this year on hopes for a resolution to the impasse, while New York listed shares in Barrick have fallen by the same amount, in the wake of the merger....
...If approved by Acacia and Tanzania, the deal would mark an early victory for Barrick’s chief executive Mark Bristow, who became head of Barrick following its merger with Randgold Resources in January....
...Mr Bristow took the helm of Barrick in January following a merger with Randgold Resources, the Africa-focused company he built into one of the world’s largest gold producers....
...You don’t want to be the last remaining player with sub-scale brand, data and technology.”...
...“There are no provisions in the joint venture agreement and the related documentation which give Sokimo any rights resulting from the proposed merger,” Randgold said....
...Following the merger, the new company, dubbed “Brandgold” by analysts, will focus on five “tier one” assets, described as low-cost mines capable of producing 500,000 ounces of gold annually for at least...
...the merger....
...The company said the appropriate calculation, as in the the profit bridge above, is: £78m Business improvements (£44m) Inflation (£26m) Synergies £6m Increase in central costs £14m Sub total...
...Artificially low profits from selling handsets at sub-market prices should be seen as a form of cost....
...An operating margin of 14 per cent is better than the single-digit average for the past few years but it is still sub-par. Revenue growth of 15 per cent is not fast enough to excuse weak profitability....
...Friday’s purchase consolidates Glencore’s position in sub-Saharan Africa and adds another way to supply its operations in South Africa with fuel....
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